Versus Systems (VS) Rent Expense (2020 - 2023)
Versus Systems posted quarterly Rent Expense of $172528.0 for Q3 2023, down 41.07% year-on-year from $292753.0 in Q3 2022, and down 22.89% on a QoQ basis from $223735.0 in Q2 2023.
Versus Systems (VS) has 4 years of Rent Expense data on file, last reported at $172528.0 in Q3 2023.
- For the quarter ending Q3 2023, Rent Expense fell 41.07% year-over-year to $172528.0; the trailing twelve-month figure through Sep 2023 stood at $816255.0 (up 1.89% YoY), and the FY2022 full-year result was $1.0 million, up 81.44% from the prior year.
- Rent Expense for Q3 2023 stood at $172528.0, down from $223735.0 in the prior quarter.
- Across five years, Rent Expense topped out at $389814.0 in Q2 2020 and bottomed at -$79747.0 in Q3 2021.
- The 4-year median for Rent Expense is $212560.0 (2020), against an average of $205381.8.
- The widest annual swing landed in 2022, when Rent Expense surged 467.1%; it then plunged 41.07% in 2023.
- A 4-year view of Rent Expense shows it stood at $389814.0 in 2020, then plunged by 77.14% to $89115.0 in 2021, then surged by 236.34% to $299725.0 in 2022, then tumbled by 42.44% to $172528.0 in 2023.
- The last three Rent Expense figures came in at $172528.0 (Q3 2023), $223735.0 (Q2 2023), and $120267.0 (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | - |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | - |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | - |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | - |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | - |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | - |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | - |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | - |
| 10 | Versus Systems | 5.24 Mn | -3.59 Mn | 17,300.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 172,528.00 |
| Sep 30, 2023 | 172,528.00 |
| Jun 30, 2023 | 223,735.00 |
| Jun 30, 2023 | 223,735.00 |
| Mar 31, 2023 | 120,267.00 |
| Mar 31, 2023 | 120,267.00 |
| Dec 31, 2022 | 299,725.00 |
| Dec 31, 2022 | 299,725.00 |
| Sep 30, 2022 | 292,753.00 |
| Sep 30, 2022 | 292,753.00 |
| Jun 30, 2022 | 229,585.00 |
| Jun 30, 2022 | 229,585.00 |
| Mar 31, 2022 | 189,630.00 |
| Mar 31, 2022 | 189,630.00 |
| Dec 31, 2021 | 89,115.00 |
| Dec 31, 2021 | 89,115.00 |
| Sep 30, 2021 | -79,747.00 |
| Sep 30, 2021 | -79,747.00 |
| Jun 30, 2021 | 328,663.00 |
| Jun 30, 2021 | 328,663.00 |
| Mar 31, 2021 | 201,336.00 |
| Mar 31, 2021 | 201,336.00 |
| Jun 30, 2020 | 389,814.00 |
| Jun 30, 2020 | 389,814.00 |
| Mar 31, 2020 | 212,560.00 |
| Mar 31, 2020 | 212,560.00 |